Fox News announced on Wednesday that Bill O’Reilly is out of the network, following a sexual-harassment scandal thatprompted more than 50 advertisers to pull out of “The O’Reilly Factor.” That same evening, during his opening monologue of “Late Show,” Stephen Colbert weighed in on the issue.

“It’s not that big of a surprise, I guess, you know,” Colbert said. “We all saw this coming at us, like an old man cornering an intern in the break room. O’Reilly has been accused of sexual harassment for years…”

Colbert then went on to read a segment from the statement issued by Fox when announcing O’Reilly’s departure from the network. “By ratings standards, Bill O’Reilly is one of the most accomplished TV personalities in the history of cable news,” the host read, and added, “By moral standards, he was a self-righteous landfill of angry garbage.”

The host then added, “I owe a lot to Bill O’Reilly. I spent over nine years playing a character based largely on him. And then, 12 months in therapy to de-bloviate myself,” referring to his “Colbert Report” character.